Jumat, 05 Agustus 2011

The substantial drop of crude oil triggered the biggest corrections of energy stocks. Xstrata, the world's largest thermal coal exporter, slashed 8.52% in London, while Peabody, the world's largest producer in private sector, dropped 6.7% midday in New York. Consol Energy was even worse, collapsed 9.2%.

Oil and gas stocks also dropped substantially with Chevron lost 4.1%, while Shell and Total conceded 5% and 4.2% respectively. Anadarko crashed 6%, while BP dropped 4%.